Say on Pay Failure Rate Drops to All Time Low

While early in the proxy season, the current Say on Pay failure rate of 1.3% is the lowest since voting began in 2011. Three companies have failed Say on Pay thus far in 2017; no new companies have failed since the last report. 230 Russell 3000 companies have held Say on Pay votes in 2017 with the average vote result of 92.6%. Proxy advisory firm ISS has recommended ‘Against’ Say on Pay proposals at 10% of companies it assessed in 2017.